Wireless Beacon Communications Through Magnetic Card Readers

1. A system comprising: a non-transitory memory; and one or more hardware processors coupled to the non-transitory memory and configured to read instructions from the non-transitory memory to cause the system to perform operations comprising: receiving check-in information from a connection between a communication device and a wireless beacon associated with a point of sale device comprising a magnetic card reader; in response to the receiving, receiving, from the communication device, a request for a transaction generating an alphanumeric identifier associated with the point of sale device based on the request; communicating the alphanumeric identifier to the communication device; receiving, from the point of sale device, a payment token comprising the alphanumeric identifier and a code sequence emulating magnetic card data for a payment card that is transmitted to the point of sale device through the magnetic card reader by the wireless beacon through a magnetic field communication, wherein the code sequence generated by the wireless beacon from a pre-established account token is received from the communication device with the alphanumeric identifier; determining payment information for an account associated with the pre-established account token using the payment token; and processing the payment information with the point of sale device.

2. The system of claim 1 , wherein the magnetic field communication is range limited to a set proximity range selected to prevent unauthorized transmission of the payment token.

3. The system of claim 1 , wherein the connection uses one of near field communication, radio communication, infrared communication, Bluetooth communication, Bluetooth Low Energy (BLE) communication, LTE Direct communication, or WiFi communication.

4. The system of claim 1 , wherein the processing the payment information comprises transmitting the payment information to the point of sale device for transmission to a payment card issuer.

5. The system of claim 1 , wherein the request to generate the alphanumeric identifier further comprises a payment request for a transaction, and wherein the processing the payment information comprises determining a payment account corresponding to the payment information and providing payment for the payment request to the point of sale device using the payment account.

6. The system of claim 5 , wherein the providing the payment for the payment request to the point of sale device comprises generating a one-time use payment card number associated with the payment account and providing the one-time use payment card number to the point of sale device for processing with a card issuer gateway to receive the payment.

7. The system of claim 1 , wherein the payment token comprises an encrypted payment token, and wherein the encrypted payment token is communicated to the wireless beacon by the communication device.

8. The system of claim 7 , wherein encrypted payment token is decrypted prior to transmission to the magnetic card reader.

9. The system of claim 1 , wherein the request to generate the alphanumeric identifier further comprises a payment request, and wherein the payment request is for a transaction with a merchant associated with the point of sale device.

10. The system of claim 1 , wherein a payment request is transmitted to the communication device, and wherein the request to generate the alphanumeric identifier is received in response to the receiving the payment request.

11. The system of claim 1 , wherein the request to generate the alphanumeric identifier further comprises a payment request for a transaction, and wherein the payment information comprises payment for the payment request.

12. The system of claim 1 , wherein the communication device and the wireless beacon are connected when the communication device is within proximity of the wireless beacon.

13. The system of claim 12 , wherein the proximity of the wireless beacon comprises an area of a merchant location associated with the point of sale device.

14. A method comprising: receiving check-in information from a connection between a communication device and a wireless beacon associated with a point of sale device comprising a magnetic card reader; in response to the receiving, receiving, from the communication device, a request for a transaction; generating an alphanumeric identifier associated with the point of sale device based on the request; communicating the alphanumeric identifier to the communication device; receiving, from the point of sale device, a payment token comprising the alphanumeric identifier and a code sequence emulating magnetic card data for a payment card that is transmitted to the point of sale device through the magnetic card reader by the wireless beacon through a magnetic field communication, wherein the code sequence generated from a pre-established account token is received from the communication device with the alphanumeric identifier; determining payment information for an account associated with the pre-established account token using the payment token; and processing the payment information with the point of sale device.

15. The method of claim 14 , wherein the payment token is encrypted, and wherein the encrypted payment token is communicated to the wireless beacon by the communication device.

16. The method of claim 14 , wherein the encrypted payment token is decrypted prior to, transmission to the magnetic card reader.

17. The method of claim 14 , wherein the connection uses one of near field communication, radio communication, infrared communication, Bluetooth communication, Bluetooth Low Energy (BLE) communication, LTE Direct communication, or WiFi communication.

18. A non-transitory machine readable medium having stored thereon machine-readable instructions executable to cause a machine to perform operations comprising: receiving check-in information from a connection between a communication device and a wireless beacon associated with a point of sale device comprising a magnetic card reader; in response to the receiving, receiving, from the communication device, a request for a transaction; generating an alphanumeric identifier associated the point of sale device based on the request; communicating the alphanumeric identifier to the communication device; receiving, from the point of sale device, a payment token comprising the alphanumeric identifier and a code sequence emulating magnetic card data for a payment card that is transmitted to the point of sale device through the magnetic card reader by the wireless beacon through a magnetic field communication, wherein the code sequence generated from a pre-established account token is received from the communication device with the alphanumeric identifier; determining payment information for an account associated with the pre-established account token using the payment token; and processing the payment information with the point of sale device.

19. The system of claim 1 , wherein the alphanumeric identifier comprises a time-variable mapping between the communication device for a user and the point of sale device for a merchant.

20. The method of claim 14 , wherein the alphanumeric identifier comprises a time-variable mapping between the communication device for a user and the point of sale device for a merchant.